Automotive Braking System Market Demand Is Likely To Continue In Future

Transparency Market Research has published a new report titled, “Automotive Braking System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global automotive braking system market for automotive is anticipated to surpass US$ 107 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Rise in demand for safety without compromising on speed drives the global automotive braking system market. Increase in the number of young consumers who prefer high speed vehicles influences technological development in automotive braking system. Government safety regulations standardizing vehicle stopping distance and advancement in braking technologies drives the global automotive braking system market.

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Increase in demand for SUVs and crossover vehicles requiring high performance boosts the need for automotive braking system. High demand for SUVs for off-terrain activities is increasing demand for the development of automotive braking system in North America. The Trump Government’s investment in infrastructure and improvement in logistics in the U.S. are increasing demand for commercial vehicle in the country. Demand for pneumatic automotive braking systems in heavy commercial vehicles and buses & coaches can be attributed to better brake response and high efficiency.